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Jan 29, 2013
01/13
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on the doe pes tick side when you look at tax reduction, tax increase, tax reform, immigration, he comes off looking like a moderate. >> chip, let me ask you in closing, i just want to clarify one thing here. >> sure. >> you have said a couple of times that hezbollah was created out of the void left when reagan took our troops out of lebanon. is there a suggestion by any of the scholars that you -- that you talked to that reagan should have stayed in lebanon longer? was that the flaw that many people said caused problems in the middle east that after the attack, after the killings, that reagan did decide to bring the troops loam? >> depending on how deeply you want to go into the middle east policy, i would say, if you talk to rez za as you land and some other scholars, there are a number of things going on relative to iran, but certainly as it relates to george schulze and rondy rice in the film, they all say yes, that the pullout created a power vacuum that led to at least to the strength of hezbollah from that point forward. so they would all say they regret that decision. >> to what
on the doe pes tick side when you look at tax reduction, tax increase, tax reform, immigration, he comes off looking like a moderate. >> chip, let me ask you in closing, i just want to clarify one thing here. >> sure. >> you have said a couple of times that hezbollah was created out of the void left when reagan took our troops out of lebanon. is there a suggestion by any of the scholars that you -- that you talked to that reagan should have stayed in lebanon longer? was that...
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Jan 25, 2013
01/13
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tax man? >> don't put it all on steve. >> i don't mind lowering your taxes as long as you're willing to have me lower your benefits because the numbers -- ultimately the math has to add up. joe, you are the great deficit hawk of all time. >> i am. >> you believe we should not be incurring this debt, so we've got to do something. >> right. >> what is that something? we have an aging society with a large commitment to social welfare programs that the public does not want to see materially reduced. you may want to, but the polls say the public does not want to see them materially reduced. >> by the way -- >> where is all this money going to come from? >> it's not about what i don't want or want. this is basic arithmetic. the deficit, the debt that is incurred by medicare and medicaid in the out years, it just can't be made up, even in a small part by increasing taxes on the margins anymore. i mean, you could take the tax rate up to 95%, perhaps. >> well, you don't have to go that high. the math h
tax man? >> don't put it all on steve. >> i don't mind lowering your taxes as long as you're willing to have me lower your benefits because the numbers -- ultimately the math has to add up. joe, you are the great deficit hawk of all time. >> i am. >> you believe we should not be incurring this debt, so we've got to do something. >> right. >> what is that something? we have an aging society with a large commitment to social welfare programs that the public...
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Feb 1, 2013
02/13
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. >> he's been talking about leaving golf because of high tax rates. if he'd have shot a 58, it would have given him a reason to leave golf, so we're going to keep him around. >> i've got to say, i was watching soccer. >> really? who was playing? >> no. >> richard got a 58. >> exactly. so we all know the beyonce story by now, right? she had the backing track at the inauguration last week. she finally got around to answering questions about it because, frankly, we haven't heard from her personally. this is at a news conference at the super bowl down in new orleans. she let her singing mostly do the talking. ♪ o'er the land of the free ♪ and the home of the brave ♪ the brave any questions? due to the weather, due to the delay, due to no proper sound check, i did not feel comfortable taking a risk. it was about the president and the inauguration, and i wanted to make him and my country proud. so i decided to sing along with my prerecorded track, which is very common in the music industry. and i'm very proud of my performance. >> so just to go back f
. >> he's been talking about leaving golf because of high tax rates. if he'd have shot a 58, it would have given him a reason to leave golf, so we're going to keep him around. >> i've got to say, i was watching soccer. >> really? who was playing? >> no. >> richard got a 58. >> exactly. so we all know the beyonce story by now, right? she had the backing track at the inauguration last week. she finally got around to answering questions about it because,...
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Jan 28, 2013
01/13
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and we've done a lot of the tax. we really can't get there through further tax increases or through discretionary spending. it's got to be through entitlements which means the health care sector. if we don't get serious about it, we are going to make ourselves extraordinarily vulnerable, and the president didn't do it so far. one hopes he does it in the state of the union. >> ed, republicans have had a terrible record over the past decade when it comes to spending, when it comes to deficits, when it comes to debt. george w. bush added $6 trillion in debt, the president, $6 trillion over one term. but democrats are going to have to look at medicare and medicaid. this just can't -- you can't tax your way to solvency, can you, with these programs? >> you can't. i mean, we have made over $1 trillion in cuts at the last continuing resolution. that was a good thing. we've raised revenues, $600 billion in revenue, that was a positive step. we've got, joe, at least $2.5 trillion to go. and i think richard's right. i'd say it
and we've done a lot of the tax. we really can't get there through further tax increases or through discretionary spending. it's got to be through entitlements which means the health care sector. if we don't get serious about it, we are going to make ourselves extraordinarily vulnerable, and the president didn't do it so far. one hopes he does it in the state of the union. >> ed, republicans have had a terrible record over the past decade when it comes to spending, when it comes to...
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Jan 30, 2013
01/13
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that's in tax reform. and we can do those things, like i said, and be wise and plan ahead and not bury our heads in the sand and not obsess about what the deficit's going to be the next year or two, that worry about what the long-term debt's going to be 10, 15, 20 years from now. that's what bowles has been saying. he's been saying don't worry about the short-term deficits. >> and what's the relationship between the -- what's the relationship between the cost of the debt and the size of the economy? because that's actually the key. it isn't the absolute amount of the debt. it's what is the debt service which right now is actually quite low because interest rates are so low as a proportion of the economy. it is a more complex formula. >> yeah. but as erskine bowles says and simpson says as well, you bring up an absolutely fantastic point. right now a big chunk of our budget is going to servicing the debt. and that's happening when we have historically low interest rates. if interest rates go back to what th
that's in tax reform. and we can do those things, like i said, and be wise and plan ahead and not bury our heads in the sand and not obsess about what the deficit's going to be the next year or two, that worry about what the long-term debt's going to be 10, 15, 20 years from now. that's what bowles has been saying. he's been saying don't worry about the short-term deficits. >> and what's the relationship between the -- what's the relationship between the cost of the debt and the size of...